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Switchgear Market Revenue to Hit $125.10 Billion by 2022

[144 Pages Report] The global switchgear market was valued at USD 84.14 Billion in 2016 and is expected to grow at a CAGR of 7.12%, from 2017 to 2022. Increasing access to electricity in developing countries, continuous growth of construction and developmental activities, and growth in renewable power generation projects are the major drivers that would trigger growth in the switchgear market.

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Switchgear Market Revenue to Hit $125.10 Billion by 2022

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  1. Switchgear Market by Voltage (< 1 KV, 1–36 KV, 36–72.5 KV, > 72.5 KV), End-User (Transmission & Distribution Utilities and Manufacturing & Process Industries), Equipment (Gas Insulated, Air Insulated, and Circuit Breakers) - Global Forecast to 2022 www.MarketsandMarkets.com

  2. The transmission and distribution utilities segment is expected to hold the largest share of the switchgear market, by end-user, during the forecast period. The transmission and distribution utilities sub-segment of the end-user segment led the switchgear market in 2016 and is projected to dominate the market during the forecast period. The transmission and distribution utilities segment is also expected to grow at the fastest rate during the forecast period. The growth of the transmission and distribution utilities segment is primarily driven by increasing investments in sub-station automation, modernization of electric grid, and smart utilities which includes smart grids and smart meters. This would enhance the protection by decreasing energy losses, due to poor operational efficiency of traditional equipment. This would ultimately create new revenue pockets for the switchgear market during the forecast period. PDF Brochure : https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1162268

  3. The gas insulated switchgear is expected to hold the largest share of the switchgear market, by equipment, during the forecast period. The gas insulated switchgear sub-segment of the equipment segment led the switchgear market in 2016 and is projected to dominate the market during the forecast period. Rising energy demand and extension/replacement of old switchgear at sub-stations can drive the gas insulated switchgear equipment in the switchgear market. However, the circuit breaker sub-segment accounted for the second largest share in 2016 in the switchgear market, based on the equipment segment. Get 10% Customization on this report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=1162268

  4. Browse >> 68 market data tables 51 figures 144 pagesand in-depth TOC on “Switchgear Market - Global Forecast to 2022” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $5650 for single user. Corporate User : US$8650 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  5. North America: The leading market for switchgear In this report, the switchgear market has been analyzed with respect to five regions, namely, Asia Pacific, Europe, North America, the Middle-East and Africa, and South America. The market in Asia Pacific led the global switchgear market in 2016. Increasing grid investments especially in developing economies, such as China and India and plans for electrification in remote areas in countries, such as Vietnam, Indonesia, and the Philippines are expected to drive the switchgear market in Asia Pacific. Indonesia aims to achieve 90% electrification rate by 2025 and the countries, such as the Philippines and Malaysia have similar plans. Rise in investments in smart grid technologies including distribution grid automation, smart meters, and demand response systems in countries, such as Japan, South Korea, and Australia would create opportunities for the switchgear market in the Asia Pacific region. Request Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=1162268

  6. To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the switchgear market. The key players include • Key players - • ABB Ltd. (Switzerland), • General Electric Company (US), • Siemens AG (Germany), • EATON CORPORATION plc (Ireland), • Hitachi Ltd. (Japan), • Schneider Electric SE (France), • Mitsubishi Electric Corporation (Japan) , etc.. • Buy Now : - • https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=1162268

  7. Contact:Mr. Shelly SinghMarketsandMarkets™ INC.630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 Email: sales@marketsandmarkets.com

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